Page 6 - Renewable Enrgy

Sterling and Wilson Renewable Energy up 3% on Rs 504 cr-order win; details

The uptick in Sterling and Wilson Renewable Energy shares came after the company announced that it has received a new domestic order from a Private IPP worth Rs 504 crore

Govt to set up R&D centre for manufacturing of RE components: Pralhad Joshi

The Ministry of New and Renewable Energy (MNRE), in collaboration with the Ministry of Power, has decided to set up a centre of excellence (CoE) to carry out research and development for indigenous manufacturing of various components required to generate green energy. Union Minister for New and Renewable Energy Pralhad Joshi said at a press conference after addressing the 'Chintan Shivir' organised here to develop strategies for achieving India's ambitious target of 500 gigawatts (GW) of renewable energy capacity in the next 6 years by 2030. The two-day meeting concluded on Friday. More than 200 parts or components (over 50 per cent of total parts) required to develop electrolysers are being imported from other countries, Joshi said. "So, a centre of excellence (CoE) will be established to carry out joint research and development for indigenous manufacturing of such components," he said. Electrolysers, which use electricity to split water into hydrogen and oxygen, are a critical .

NTPC-ONGC green energy joint venture bids $650m for Ayana Renewable

Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500

Apollo Green Energy plans solar module plant, targets IPO in 2025: CEO

Apollo Green Energy is also executing 400 MW of solar installations and other engineering, procurement and construction projects

KP Energy share gains 5%, hits record high on securing order from KPI Green

The uptick in KP Energy share price came after the company secured over 1 GW order for development of wind-solar hybrid and solar power projects from KPI Green

Significant growth opportunity for renewables sector in India: SEforALL

There is significant growth opportunity for renewable energy sector in India, as the country's growing energy demand along with rapid industrialization needs all resources of energy, including solar and wind, according to an international sustainable development agency in Vienna. The Indian government has shown both a deep as well as a continued commitment to renewable energy, said Kanika Chawla, Director and Chief of Staff at Sustainable Energy For All' (SEforALL). Speaking to PTI on the sidelines of Singapore International Energy Week held in October 21-25, Chawla said there is more manufacturing (renewable energy) happening within India which also improves security and reduces import dependence. "India is using policies like performance-linked incentives for manufacturing. All this is very laudable and brings energy economic prosperity to the people," she noted. Chawla also acknowledged that clean energy solutions are quite job intensive as every kWh of RE generates three times

Global emissions likely have peaked as renewable sources take hold

The cost of deploying solar panels and battery technology is due to drop by 19 per cent by 2030, helping deliver record amounts of low carbon power

Leading renewable energy firms in India seek buyers for 20 Gw assets

India currently has 150 Gw of installed RE capacity

India seeks 6K MW of peak renewable power supply with storage

India is looking to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid

Gujarat leads way as India sets ambitious renewable energy targets

Gujarat's expansive solar initiatives are setting the standard for the rest of the country

China's monthly reports understate power output as renewables surge

The data is also masking some of the progress by the world's top greenhouse gas emitter in reducing the share of coal

Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route

State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government's approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement. The approval was granted by the Department of Investment and Public Asset Management (DIPAM) based on the recommendations of a high-level committee, a company statement said. According to the statement, the fundraising will be carried out through the Qualified Institutions Placement (QIP) route, with a planned dilution of the Government of India's shareholding in IREDA by up to 7 per cent on a post-issue basis, to be executed in one or more tranches. The fundraising exercise aims to strengthen IREDA's capital base, enabling the organisation to scale its financing for renewable energy projects and further accelerate India's transition to clean energy. "DIPAM approval represents a critical step forward in our expansion plans," Pradip Kumar Das, Chairman and Managing Director o

Torrent Power zooms 7%, nears record high on signing MoU with Gujarat govt

Torrent Power share price today: The buying interest in Torrent Power shares came after the reaffirmed its commitment towards investment worth Rs 64,000 crore in green and sustainable projects

Investec bets on Adani Green, initiates with 'Buy'; sees 31% upside

Despite this positive outlook, Adani Green's stock was trading about 2 per cent lower at Rs 1,890.20 as of 9:26 AM, while the BSE Sensex was down 0.08 per cent to 82,920.90 levels.

India gets $386 bn funding for RE target; RIL, Adani pledge commitments

India added slightly more than 18 GW of renewable energy capacity in fiscal 2024, compared with 15.3 GW a year earlier, taking its total to 153 GW

India best bet for 21st century, solar revolution golden chapter: PM Modi

Prime Minister Narendra Modi on Monday said his government in the first 100 days of its third term had tried to address every sector and factor for rapid progress of the country. Addressing the 4th edition of Global Renewable Energy Investors Meet and Expo (RE-INVEST 2024) in Gandhinagar, he said not just Indians but the entire world feels India is the best bet for the 21st century. "In the first 100 days (of the Union government's third term) you can witness our priorities, speed and scale. We have tried to address every sector and factor which are required for rapid progress of the country," the PM said. "India's diversity, scale, capacity, potential and performance are unique and that is the reason I say Indian solutions for global application," he added. India is preparing the base for development for the next 1000 years and the focus is not just to reach the top but to sustain the rank, Modi asserted. "For us green future and net zero are not just fancy words. These are ...

PM inaugurates 4th Global Renewable Energy Investor's Meet in Gandhinagar

The three-day conference is anticipated to draw over 10,000 delegates, including influential figures from government, industry, and financial sectors

Adani Green redeems $750 mn bonds eight months ahead of redemption date

Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business. In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024." The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date. Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent. The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US

TotalEnergies to make further $444 mn investment in JV with Adani Green

The statement said the new JV company will house a 1,150-megawatt (MW) portfolio, which will comprise a mix of operational and under-execution solar assets, with a blend of both merchant-based and PPA

After nearly 300% rise in 1 year, does Suzlon stock have more upside left?

Suzlon share price today: From a level of Rs 20.25 seen on August 16, 2023, Suzlon share price has zoomed 295 per cent in one year to quote at Rs 79.93 per share as on Friday